The Federal Reserve, and the U.S. Treasury have put the American taxpayer on the hook for over $12 trillion in bailouts and loans; and  Federal Reserve Chairman Ben Bernanke refuses to tell Congress who has received trillions in these funds from the Federal Reserve.

 Allowing the Fed to operate our nation's monetary system in almost complete secrecy leads to abuse, inflation, and a lower quality of life for every American;

The Federal Reserve

"If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
-Thomas Jefferson (1816)

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Article:Some Food for Thought...
The Federal Reserve is PRIVATELY OWNED by_Thomas D. Schauf  from 1992
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"You are a den of vipers! I intend to rout you out, and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning."
-President Andrew Jackson (1829-1837)

"Give me control of a nation's money and I care not who makes it's laws"
-Mayer Amschel Bauer Rothschild

The Federal Reserve was created by Congress in 1913 and thus it is their responsibility to ensure it is meeting its Congressional mandates effectively, efficiently, lawfully.

Among its mandates is to furnish the country with a flexible currency, that expands and contracts in accordance with the economy. The Fed's loose monetary policies have led to a 95% devaluation on the dollar.

The Federal Reserve is not independent of politics given that the Federal Reserve Board is nominated by the President and confirmed by the Senate for a 6-year period. The Federal Reserve Chairman is also appointed by the President and confirmed by the Senate for a 4-year period. Therefore, political pressure exists for the Board to keep interest rates low so as to secure reappointment from federally elected officials.

During the current economic crisis, Congress, the Treasury, and the Fed have put us on the hook for over $12 trillion in bailouts and loans. This is in addition to our almost $12 trillion national debt. When testifying before Congress, Fed Chairman Ben Bernanke has refused to disclose which institutions have received trillions of dollars in these bailouts and loans or to give our representatives details about what deals are being made with foreign banks.

The Fed's current audits do not include review over monetary policies. Title 31, Section 714 restrains the Government Accountability Office from auditing the Fed's monetary policy transactions, deliberations or communications.